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Table Talk with Mr. Andreas Szakacs

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“You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you.” Become more valuable. Do more. Give more. Be more. Serve more. Mr. Andreas Szakacs from Sweden preached the same philosophy and today stands on top of his game. He started his financial career around 2014 and today, he is the CEO of a FOREX trading platform, a Bank owner, a Venture Capitalist and an enthusiastic traveller.

He has worked extensively with European financial institutions and triumphed in delivering financial advising to East European companies. His intensive experience working with European customers has given Mr. Szakacs a unique vantage point when it comes to figuring out the primary challenges that customers face while transferring money from one country to another. Under his leadership and mentorship, several start-up banks and financial institutions have been able to turn a seemingly impossible idea into a tangible banking system that benefits people around the globe, including developing nations. He is also an avid financial investor in companies from the East European market. Today, we are here to recognize the real man inside the Financial Industry Veteran we all know. Our heartiest indebtedness to Mr. Szakacs for responding to our questions.

What accounts as your biggest accomplishment and what is your prime short-term goal?

I would account Omega Pro via which we helped 1000k people in the financial world. My target is to hit a million satisfied clients by the end of 2021.

What do you consider as your best characteristics?

I know I can be the hardest working person in the room, very patient, and marvelously ambitious.

Are you more inclined to “build your own empire” or unleash the potential of others?

I would unleash the potential of others to help me build my own empire. I appreciate aura, communication skills and presentability of a person more than anything.

Who is your idol in the business field and the supreme teaching you follow?

Mr. Jack Ma, the founder of Ali Baba is my idol. I preach his thought – “No matter how tough the chase is, you should always have the dream you saw on the first day. It’ll keep you

motivated and rescue you”.

If you could change one thing about the world, regardless of guilt or politics, what would you do?

I will turn the globe towards world peace and eradicating poverty. I help organisations like My Big Day and The Fan Foundation to give back to the society.

Would you rather have exceptional wealth or exceptional intelligence?

I would choose exceptional intelligence. I know I can acquire the other with it.

Who is your favourite actor and actress?

I’m a huge fan of the sitcom FRIENDS. My favourite actress is Jennifer Aniston and I love the versatility of Matthew McConaughey.

What is something most people don’t know about you?

I’m ex-military personnel and I have worked as a store manager.

What are your avocations besides work?

 I am an avid traveller and I have visited 40+ countries. I enjoy experiencing different cultures and cuisines. I play polo and cherish long drives. Swimming and diving replenish me.

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of BigtimeDaily.com

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Business

The Ultimate Guide to the Essential Social Skills in Business

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Effective communication and strong relationships are essential for success in the workplace. One factor that can greatly influence these qualities is emotional intelligence, often abbreviated as EQ. EQ refers to the ability to identify, understand, and manage one’s own emotions, as well as the emotions of others. Research has shown that individuals with high levels of EQ are better equipped to handle stress, communicate effectively, and work collaboratively with others (Chamorro-Premuzic & Sanger, 2016).

Research has consistently shown that emotional intelligence (EQ) is an important predictor of job performance and success in the workplace. EQ is comprised of a set of skills that allow individuals to recognize, understand, and regulate their own emotions, as well as the emotions of others. In addition, individuals with high EQ are better able to communicate effectively, build relationships, and navigate complex social situations. As a result, they are often viewed as effective leaders and collaborators, and are more likely to achieve their personal and professional goals.

In fact, a number of studies have demonstrated the significant impact that EQ has on job performance and success. For example, one study of 85 upper-level managers found that those with higher EQ scores were rated as more effective leaders by their subordinates (Law, Wong, & Song, 2004). Another study of 151 employees found that those with higher EQ were more likely to be promoted within their organization over a five-year period (Carmeli, Brueller, & Dutton, 2009). These findings highlight the importance of EQ in the workplace and suggest that developing these skills can lead to significant benefits for both individuals and organizations.

According to a study conducted by TalentSmart, a leading provider of EQ assessments, EQ is responsible for 58% of success in all job types (Bradberry & Greaves, 2009). In contrast, IQ only accounts for about 4% of success in the workplace. This suggests that EQ is a crucial skill set for individuals in any professional field. Fortunately, EQ is a skill that can be developed and honed over time with practice and awareness.

There are several key components of EQ that are particularly important for success in the workplace. These include: 

Self-Regulation: This refers to your capacity to recognize and control your emotions. Sometimes treating them when they arise may be necessary. Understanding how to manage your anger is essential. However, it can also cover how to control the feelings you’ll experience.

Self-Awareness: This implies recognizing and understanding your own feelings. Do noisy places make you nervous? Do other people talking over you make you angry? Knowing these truths about yourself shows that you are working on your self-awareness. Being conscious of yourself is necessary for this phase, which can be more complex than it sounds.

Socialization: This category focuses on your capacity to manage social interactions and direct relationships. It doesn’t entail dominating others but knowing how to work with others to achieve your goals. This could entail presenting your ideas to coworkers, leading a team, or resolving a personal disagreement.

Motivation: Strong motivators include external forces like money, status, or suffering. Internal motivation, however, plays a significant role in Goleman’s concept. By doing so, you demonstrate your ability to control your cause and initiate or continue initiatives of your own volition rather than in response to external demands.

Empathy: It’s equally critical to be sensitive to others’ feelings. This may entail learning to identify different emotional states in individuals — for example, can you tell the difference between someone at ease and someone anxious? — but it also requires comprehension of how other people may react to their current situation. Empathy is one of the essential traits in business and business leadership.

A thought leader in this space, Michael Ventura has built a career advising organizations on the importance of emotional intelligence in the workplace. In his book, Applied Empathy, Ventura highlights the value of empathy in business and provides strategies for developing and applying this skill set. With two decades of experience as a leader, facilitator, and educator, Ventura’s work has made impact in with prestigious institutions such as Princeton University and the United Nations as well as corporate clients such as Google and Nike.

Through his work, Ventura advises leaders to focus on the development of EQ in order to help individuals improve their communication, collaboration, and leadership skills, ultimately leading to greater success in the workplace. Experts like Ventura continue to support the growing body of research on the value of EQ in business, and the evidence that organizations who invest in the EQ of their teams help to create a more empathetic and successful professional environment.

And it’s worth noting that EQ isn’t just important for individual success in the workplace, but also for overall organizational success. A study by the Center for Creative Leadership found that EQ was a better predictor of success than IQ or technical skills in the workplace, and that teams with higher levels of EQ tend to be more effective and productive (Boyatzis, Goleman, & Rhee, 1999). By cultivating a culture of empathy and emotional intelligence, organizations can improve their overall performance and create a more positive work environment for their employees.

In conclusion, emotional intelligence is a crucial component of success in the workplace, and individuals and organizations alike should prioritize the development of these skills. The ones that do not only develop a leading edge in their category, but also become a meaningful place to work for their teams. And in today’s rapidly changing talent landscape, the retention of highly capable, emotionally intelligent leaders is one of the greatest keys to unlocking success.

References:

Boyatzis, R. E., Goleman, D., & Rhee, K. S. (1999). Clustering competence in emotional intelligence: Insights from the emotional competence inventory (ECI). In R. Bar-On & J. D. A. Parker (Eds.), Handbook of emotional intelligence (pp. 343-362). Jossey-Bass.

Bradberry, T., & Greaves, J. (2009). Emotional intelligence 2.0. TalentSmart.

Chamorro-Premuzic, T., & Sanger, M. N. (2016). Does employee happiness matter? Journal of Organizational Effectiveness: People and Performance, 3(2), 168-191.

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